Taxation Laws Amendment Act (No. 3) 1999 (11 of 1999)

Schedule 1   Running balance accounts, general interest charge and related matters

Part 1   Amendments

Termination Payments Tax (Assessment and Collection) Act 1997

392   Section 31 (definition of late payment penalty)

Repeal the definition, substitute:

late payment penalty means general interest charge payable under section 16 or 16A.